BorgWarner is a global leader in automotive technology, specializing in the development and manufacturing of advanced propulsion systems and components for both internal combustion engines and electric vehicles
The company focuses on enhancing vehicle efficiency, performance, and sustainability through innovative solutions such as turbochargers, transmissions, and electrification technologies. With a commitment to environmental responsibility and reducing emissions, BorgWarner partners with automakers to deliver cutting-edge technologies that help meet the evolving demands of the automotive market.
As we await the opening of the US market on Wednesday, let's delve into the pre-market session and discover the S&P500 top gainers and losers shaping the early market sentiment.
GOP control of Congress under Trump could lead to a surge in M&A activity, especially in banks and biotech. Factors like equity market returns and rate cuts could fuel deals, with small-cap targets and large-cap acquirers seeing success. 10 potential M&A candidates identified by Bank of America.
BorgWarner shares rose after reporting better-than-expected Q2 FY24 adjusted EPS and new contracts. Despite a 2% decline in sales to $3.603 billion, adjusted EPS of $1.19 beat the $1.01 consensus. The company secured significant new contracts, boosting investor confidence.
